Section 40a(3)

This query is : Resolved 

14 February 2012 If payment of Rs 20000 or above is made towards ELECTRICITY BILL on a single day in CASH then whether it would attract provisions of section 40A(3) ???

15 February 2012 Yes it, would attract provisions of Section 40A(3).
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15 February 2012 Vexed issue. Please read the article in the link given here under and conclude accordingly. http://www.simpletaxindia.net/2010/04/electricity-bill-paid-in-cash-40a3.html


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